U.S. Treasury · CoinDesk
Ripple-linked XRP holds near $1.46 as breakout attempt fades despite $200 million raise
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XRP keeps pushing into the same resistance area that has rejected rallies since February, but the way it’s trading is starting to change.
Key facts
- Ripple Prime secured a $200 million funding facility from Neuberger Berman to expand margin financing across traditional and digital asset trading markets
- The broader XRP narrative also continues shifting toward institutional infrastructure after Ripple, JPMorgan, Mastercard and Ondo recently completed a tokenized Treasury settlement on XRPL
- Ripple said demand for its prime brokerage business has accelerated since the Hidden Road acquisition, with revenue tripling year over year
- XRP keeps pushing into the same resistance area that has rejected rallies since February, but the way it’s trading is starting to change
Summary
Ripple’s prime brokerage arm is gaining institutional traction, with a new $200 million funding facility and tripled revenue amid growing demand for margin financing. Traders are watching $1.47 to $1.50 as key resistance and $1.43 to $1.45 as near-term support within a broader triangle pattern that could precede a larger directional move. XRP keeps pushing into the same resistance area that has rejected rallies since February, but the way it’s trading is starting to change. • Ripple Prime secured a $200 million funding facility from Neuberger Berman to expand margin financing across traditional and digital asset trading markets. • Ripple said demand for its prime brokerage business has accelerated since the Hidden Road acquisition, with revenue tripling year over year.